Another Bad Sign for Stockholders

Tehran stocks suffered one more hit on Monday amid visible efforts by the regulatory body and institutional traders to prop up the market but to no avail because of rising sell-side pressure. 
The main gauge of Tehran Stock Exchange, TEDPIX, lost 53,671 points and fell by 3.23% for the day to close trade at 1,608,544 points. TEDPIX has lost more than 11% in four straight sessions of bear market. 
With authorities struggling to support the market from further collapse, Monday’s session saw institutional investors stepping in seriously to boost demand. Their efforts fell on the wayside due to stronger sellers, namely retail traders.